Northwest Bancshares Inc., parent of Northwest Savings Bank in the Rochester market, has added 5 million shares of common stock to its stock repurchase program.
The additional shares comprise 5.2 percent of the Warren, Pa.-based company’s outstanding common stock, the company said this week. It commenced the repurchase of 4.75 million shares of common stock Sept. 26, with 2.6 million shares still available.
The repurchase program can be carried out through the open market, block trades and negotiated private transactions, the company said.
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